$BTC I said during last night’s livestream that after a sharp market drop, a resting phase will appear, which can also be understood as a base-building phase. In the short term, Bollinger Bands will form a three-line flat pattern, and the market will fluctuate back and forth within this range. If the base is successfully built, it will start to pull back and rise; if the base-building fails, the downward momentum will continue. In one word: wait.

Wait for the combination of candlestick position and indicator patterns, and trade later, which is what everyone often calls right-side trading. The current market liquidity is low and it’s a grinding market, so it is not suitable for left-side trading.

From the current combination of Bollinger Bands and candlesticks, the market is intentionally being pushed down toward the lower Bollinger Band instead of ranging to test the upper band. So, if short-term indicators are bullish but the candlesticks do not retract too much, then wait for short-term indicators to turn bearish; the market will still be pushed down, and gradually a new wave of decline will emerge.

Given that both longs and shorts are currently difficult to trade, just wait for now—no need to rush. If you’re playing swing trades, why be in such a hurry?

But for people who play ultra-short-term trades, entering and exiting quickly, they actually like this kind of market.